At the time we acquired Viacom, everyone said I had overpaid. But even at today's depressed prices, that investment is worth billions. Everyone was saying MTV was a fad. I knew better.

I think we're in the beginning of a bull market. When a bull market begins, nine months later the economy turns around.

Opportunity does not knock. You have to find it

Murdoch paid too much for the Wall Street Journal even when he didn't have any competition.

I will believe in the 500-channel world only when I see it.

Success is not built on success. It's built on failure. It's built on frustration. Sometimes its built on catastrophe.

Great success is built on failure, frustration, even catastrophe.